Circle, the issuer of USDC, has announced Arc — a dedicated Layer 1 blockchain that will integrate USDC as its native gas token. Scheduled for public testnet release this fall, Arc is designed for stablecoin-focused applications in payments, foreign exchange, and capital markets.
Arc will be EVM-compatible, allowing developers to leverage familiar Ethereum tools while benefiting from enterprise-grade performance. It promises sub-second settlement, opt-in privacy, and a native stablecoin FX engine, while ensuring seamless access to Circle’s platform. The network will interoperate with Circle’s current partner chains, supporting a broad range of use cases.
USDC, with a global market share of 260 billion tokens — 65 billion issued by Circle — will be central to Arc’s ecosystem. By making USDC the default gas token, Circle is reinforcing its ambition to make it a foundational currency for stablecoin-powered infrastructure. This launch marks a major post-IPO milestone, shaping the future of digital finance.
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